Air Products and Chemicals, IncClose $289.19EOD only
Max Pain
$290.00
Next expiry Jun 18, 2026
Expected Move
±$17.30
6.0% from close
Price Gap
+0.81
Distance to max pain
IV Rank
35
Middle-high premium
P/C OI
0.46
Slightly call-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects APD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — APD
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $290.00 (0.81 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$290.00
Nearest expiry
Expected Move
±$17.30
±6.0%
Days to Expiry
29
Calendar days
Total Call OI
8,584
Nearest expiry
Total Put OI
2,499
Nearest expiry
P/C OI Ratio
0.29
Put-heavy
Spot Price
$289.19
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$290.00
4/17/2026, 11:04:00 PM
2026-05-15
$290.00
5/15/2026, 11:02:45 PM
2026-06-18NextUpdated
$290.00
5/20/2026, 11:03:17 PM
2026-07-17
$290.00
5/20/2026, 11:03:17 PM
2026-09-18
$290.00
5/20/2026, 11:03:17 PM
2026-12-18
$290.00
5/20/2026, 11:03:17 PM
2027-01-15
$260.00
5/20/2026, 11:03:17 PM
2027-03-19
$280.00
5/20/2026, 11:03:17 PM
Selected expiration: 2026-06-18 at max pain $290.00.
APD pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
135
0
31856500
31856500
140
0
30615500
30615500
145
0
29375500
29375500
150
0
28137500
28137500
155
500
26899500
26900000
160
1000
25664000
25665000
165
1500
24428500
24430000
170
2000
23199500
23201500
175
4000
21981000
21985000
180
6000
20762500
20768500
185
8000
19553500
19561500
190
10000
18350500
18360500
195
13500
17151500
17165000
200
17000
15978000
15995000
210
51000
13659000
13710000
220
85000
11394000
11479000
230
123000
9204000
9327000
240
173000
7080000
7253000
250
247000
5360000
5607000
260
358000
3785000
4143000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.